Rupee opens flat at 60.45 to the dollar

It was another quiet opening for the rupee with the currency trading at 60.45 to the dollar, marginally higher by paise.

The rupee has been trading in a range for most of the weak as global cues have remained quiet. A surge in dollar inflows in the last couple of weeks has lifted the rupee from a 5-wee low seen earlier.

According to dealers the currency is expected to remain stable at the current levels, in the absence of any major cues.

The rupee has recovered sharply after hitting a historic low of Rs 68.86 against the dollar on rising current account deficit. The rupee is unlikely to appreciate significantly from the current levels. Check currency rates here